Meta will wipe out employees in the Metaverse division, which is losing $1 billion a month
October 5, 2023
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Mark Zuckerberg passion for metaverse, led him to make some pretty radical decisions. Zuckerberg, who changed the name of the company we called Facebook for years to “Meta,”
Mark Zuckerberg passion for metaverse, led him to make some pretty radical decisions. Zuckerberg, who changed the name of the company we called Facebook for years to “Meta,” spent enormous sums of money to create a virtual world. In this context; working on the metaverse Reality Labssince the first day of its inception More than 40 billion dollars made a loss. However, Zuckerberg was determined not to give up his passion for the metaverse.
Now a remarkable development has taken place regarding this issue. According to information from internal sources, Mark Zuckerberg is the owner of Reality Labs. shrink decided. The first team to be thrown out was the unit called Facebook Agile Silicon Team (FAST), which worked on chip production within Reality Labs. employs 600 people It is not known at this time how many people will be dismissed from the unit.
This step is not unreasonable: why?
Meta was announced in June Quest 3 It did not use the chips it produced itself in its metaverse title. The company instead QualcommHe received support from. The title in question used the second-generation Snapdragon XR2 processor. In this case Meta’s Reality Labs closing or downsizing its chip production unit It’s not very surprising. We can even say that this is a logical move. So why?
Technology companies are starting to experience serious problems due to global inflation. In fact, Meta, to reduce rising costs and better adjust the income/expense balance. 21 thousand staff He also said goodbye. If we add that Reality Labs is losing about $1 billion every month, we can say that it makes perfect sense for the division to shrink. After all, Qualcomm has developed chips for the augmented or virtual reality world. success at a high level reaches. Sometimes, if it doesn’t work, you shouldn’t force it…
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Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.